Late last year FPI announced the closure of Harbour Breton, one of its chain of ground fish plants along the south coast of Newfoundland & Labrador. This time, the government refused to invoke the provisions of the legislation that would force FPI to keep the antiquated plant running. To do so would trigger a clause forcing the government to cover FPI’s losses at Harbour Breton. For Fisheries Minister Trevor Taylor this would be the abandonment of the current government’s fisheries policy that refuses to subsidize the fishing industry. As Peter fenwick, AIMS’ Fellow on Fisheries and Newfoundland Issues, explains in this commentary - if the Newfoundland government does indeed stay this course the fishing industry may eventually evolve into the modern industry it can be.
The Newfoundland government should use the KISS rule while playing in the oil and gas field - 'Keep It Stable and Straightforward'. AIMS Fellow Peter Fenwick explains why in this commentary.
The last ditch effort by the Newfoundland and Labrador government to keep the Stephenville mill open failed. That's not to say the government won't try to use millions of dollars to entice another operator to re-open it. In this commentary, Newfoundland's Peter Fenwick says there's a much better way to spend that money.
Emigration is a hot issue in rural communities around Atlantic Canada. Many a politician has fought an election on promises to bring the emigrants home. In this Commentary, Peter Fenwick, AIMS Fellow with responsibility for Fisheries and Issues in Newfoundland, takes a closer look at this philosophy.
In this Commentary, AIMS Research Fellow Peter Fenwick asks what role the government should take in propping up uneconomic paper mills. His conclusion suggests the future product of such mills may be power, not paper.
AIMS Research Fellow Peter Fenwick says Newfoundland and Labrador Premier Danny Williams is making a big mistake on offshore development. Fenwick says Williams is pushing for short-term jobs and economic activity, instead of waiting for the bigger royalty cheque when the project starts production.
Hidden behind the mountain of extra federal money in Newfoundland and Labrador's budget is the awful truth that the provincial government plans to keep piling more and more debt upon the taxpayers of the province at close to half a billion dollars a year for the foreseeable future. The highest indebted taxpayers in the country will become even more crippled by the mountain of debt being piled upon them.
Newfoundland’s Showdown with its Unions. April 6, 2004. In a battle reminiscent of the Winnipeg general strike, close to 20,000 public service workers in Newfoundland walked off the job April 1st in the largest job action in provincial history. Hospitals, highways workers, general government workers and many school board support staff have set up picket lines from Cape Spear to Nain Labrador. Although the unions walked out over the monetary terms of a new collective agreement, the fight is more about what shape the new Newfoundland economy will take. The unions are reeling from the recently tabled budget that proposed laying off 4000 public employees over four years, an eighth of the provincial public service. And while those cuts will hurt, it is difficult to see what else the government could do.
Newfoundland’s Auditor General John Noseworthy has been painting with numbers, and the resulting picture is very bleak indeed. “Fiscal Realism” has proved especially shocking as Newfoundlanders are made more aware of the distinctions between “cash” deficits and accrued deficits. Peter Fenwick comments from Newfoundland.